Headlines to be discussed at LNWM’s Monday briefing:

— The Federal Reserve is expected to raise interest rates in mid-June, by 0.25 basis points.
— US stocks rose to record levels, shrugging off a weaker-than-expected May jobs report.
— Illinois’ credit rating was lowered to BBB- (almost “junk”), the lowest ever for a US state.
— Oil prices fell to $50 barrel; more drilling is expected as US exits Paris global climate pact.
— Services were more than half of China’s economy in 2016; manufacturing remains strong.

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